Stocks/Share Market - Angel One

On May 15, 2024, the Nifty 50 fell 0.03% and closed at 22,210, and the Sensex dropped  0.16%, closing at 72,987.  Top Gainers and Losers On the sectoral front, Nifty PSU Bank, Nifty Realty, Nifty Oil and Gas, and Nifty Consumer durables ended in the green. Meanwhile, Nifty FMCG, Nifty Media, Nifty Auto, and Nifty …

Granules India Limited, a leading vertically integrated pharmaceutical company, announced its financial results for the fourth quarter (Q4) and full fiscal year (FY) 2024, ending March 31, 2024. The report paints a mixed picture, with a slight decline in overall revenue balanced by a significant increase in the North American market. Revenue Trends and Market …

The Indian stock market has been a bit of a roller coaster ride in 2024. While the S&P BSE Sensex Index only went up 0.47% in the past two months, there’s been a lot of movement underneath the surface. This volatility is likely due to factors like the upcoming elections, which can make investors jittery. …

Established over a century ago, Oil India (OIL) traces its roots back to the discovery of crude oil in Digboi, Assam, in 1889. Originally known as Burma Oil Company (BOC), the company witnessed several transformations before emerging as the entity we know today.  Corporate Structure: Incorporated as ‘Oil India Private Ltd‘ on February 18, 1959, …

ICICI Securities, the broking subsidiary of ICICI Bank, has received approval from shareholders to delist its stock, paving the way for a merger with its parent company.  During a vote held recently, 16 fund houses voted in favour while 7 opposed the plan. Among public institutional investors, who hold 16.68% of the company, 83.8% supported …

Power Finance Corporation Ltd, The Maharatna company has reported its Q4 FY 2023-24 results today in the live market, The company has reported a surge of 22% in net profits to Rs.4125.45 crores from Rs.3377.20 crores in Q4 FY 2022-23. The board has also announced a dividend of Rs.2.50 per share. Q4 Performance of PFC …

A new study by Tata Consultancy Services (TCS) crafted a compelling picture of Artificial Intelligence (AI) adoption within businesses. The comprehensive report, titled “TCS AI for Business Study,” reveals a strong focus on leveraging AI for revenue generation and innovation. Overwhelming Shift Towards AI-Driven Growth The study highlights a significant trend: more than 86% of …

On Wednesday, May 15, 2024, Cipla Ltd’s promoter group, including Shirin Hamied, Rumana Hamied, Samina Hamied, and Okasa Pharma Private Limited, sold over 2.04 lakh shares, or 2.53% of the company’s equity, through block deals. The company clarified in a stock exchange filing that the purpose of the sale was “to create liquidity for specific …

On May 14, 2024, Optiemus Infracom Limited, a growing player in the Indian infrastructure sector, announced a strategic investment in its Joint Venture cum Subsidiary company, Bharat Innovative Glass Technologies Private Limited (BigTech). This move highlights Optiemus’ commitment to advancing its presence in the high-growth mobile consumer electronics market. Supporting BigTech’s Growth Trajectory The Board …

On May 14, 2024, Exide Industries Limited (EIL), a leading player in the Indian battery industry, announced a significant investment in its wholly-owned subsidiary, Exide Energy Solutions Limited (EESL). This strategic move notes EIL’s commitment to expanding its footprint in the burgeoning lithium-ion battery market and supporting India’s electric vehicle (EV) revolution. Fueling Growth in …